It it weren't for that point being out in empty space, yeah. That's true with all objects, though. When suspended or supported at their center of gravity they'll hold their position without tilting/rolling. Getting the darn wire to hold in place instead of slipping around on the bit was real fun. But you can see that it's being held supported by the wire at the center of gravity, and the tool is horizontal as a result. Then note how the handle and the wire are aligned for most of the length. Due to slight kinks in the wire it doesn't give quite so accurate a view of that line as the blue drop line did, but you can see it in action nicely this way.